Topic No. 414 Rental Income and Expenses| www.irs.gov
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Americans spend more on housing than any other expense, with an average of 35% of income dedicated to housing costs. Homeownership allows households to invest a portion of that money into a tangible asset that appreciates over time. For this reason, 91% of Americans indicate that they would like to own a home in their lifetime.| worldpopulationreview.com